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Theft of info from New York Federal Reserve could lead to prison under plea deal

A Bellmore man who worked for the Federal Reserve Bank of New York pleaded guilty Wednesday to forwarding confidential information from the bank to a friend and former colleague, law enforcement officials said.

Jason Gross, 37, entered the plea in federal court in Manhattan before U.S. Magistrate Judge Gabriel W. Gorenstein, said Gross' attorney and Southern District U.S. Attorney Preet Bharara, whose office prosecuted the case.

Gross pleaded guilty to one count of theft of government property and faces up to a year in prison.

He is scheduled to be sentenced March 2.

Prosecutors said Gross, without permission, sent confidential information between July and September 2014 about at least one bank the Fed oversees to a former supervisor and friend who used to work with him at the New York Fed.

The friend had left the Fed and joined an investment bank, Goldman Sachs. Bharara said the friend then shared the information with his new co-workers.

"We're happy to have accepted the reasonable offer of a misdemeanor from the U.S. attorney's office and my client is remorseful for the error in judgment and is looking forward to moving on with his life," said Gross' attorney, Bruce Barket of Garden City.

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